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re: How do you respond to this Yahoo comment regarding short/long-term capital gains tax rate?
Posted on 12/19/17 at 11:41 am to Papplesbeast
Posted on 12/19/17 at 11:41 am to Papplesbeast
quote:
Government shouldn't be in the business of encouraging saving or spending. That's not the government's place.
I would say subsidizing the purchase of a 900K home would be on the TOP of the list that government should not be involved in...
0
Posted on 12/19/17 at 11:42 am to rickgrimes
I would agree with them that it is government using the tax code to manipulate the people toward a certain behavior.
Then tell them that if they want the manipulation to stop, they should support the FairTax.
Then tell them that if they want the manipulation to stop, they should support the FairTax.
Posted on 12/19/17 at 12:54 pm to TrueTiger
DEMAND SEPARATION OF ECONOMY AND STATE
Posted on 12/19/17 at 1:54 pm to rickgrimes
Because the money used to invest was already taxed like 4 times. There should be zero capital gains tax
Posted on 12/19/17 at 1:54 pm to puse01
quote:
The money invested has already been taxed when it was earned initially.
This.
Invested money is risked money. Why be penalized for taking a risk?
Posted on 12/19/17 at 6:48 pm to rickgrimes
Risk of Return and I support this method of taxing 
Posted on 12/19/17 at 7:03 pm to Papplesbeast
Don't ask any questions on this
Hell if govt is willing to give a tax free opportunity then don't question it, just take it
You pay enough in taxes. Hell they tax the dam air we freely breath and the ground we walk on and most anything we do
Not to mention to not pay cap gains you have to live in your primary home 2 out of 5 years. For investment property you have to own it longer than 1 year. So cap gains tax escape is earned by staying in your investment abit and paying banks interest monies and govt its high property taxes and insurance and maintenance
Nothing's free with our monstrous govt!
Hell if govt is willing to give a tax free opportunity then don't question it, just take it
You pay enough in taxes. Hell they tax the dam air we freely breath and the ground we walk on and most anything we do
Not to mention to not pay cap gains you have to live in your primary home 2 out of 5 years. For investment property you have to own it longer than 1 year. So cap gains tax escape is earned by staying in your investment abit and paying banks interest monies and govt its high property taxes and insurance and maintenance
Nothing's free with our monstrous govt!
Posted on 12/19/17 at 7:08 pm to Papplesbeast
quote:How so?
Then why are we double-taxed with Social Security, Medicare.
Posted on 12/19/17 at 7:20 pm to Papplesbeast
quote:Ok. Give me all my SSI back, RIGHT NOW.
Government shouldn't be in the business of encouraging saving or spending. That's not the government's place.
Posted on 12/19/17 at 7:23 pm to rickgrimes
Government confiscation of wealth and earnings should be limited in all ways possible. The less the Government steals, the less the Government waste. Money in the hand of the private sector is always better than money in the hands of bureaucrats.
Posted on 12/19/17 at 7:36 pm to rickgrimes
Long-term capital "gains" are often just inflation. Silly to tax someone on inflation, isn't it?
Posted on 12/19/17 at 7:37 pm to Papplesbeast
quote:
Then why are we double-taxed with Social Security, Medicare...and now...state and local income taxes? That's a double standard.
I'm going to go out on a limb and say you probably don't understand Social Security and Medicare nearly as well as you think you do.
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